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Task 6-2: Settlement of discrepancy between documents and L/C

Task 6-2: Settlement of discrepancy between documents and L/C. Object: be able to read through the L/C, check the L/C and modify the wrong information. Task 6-2: Settlement of discrepancy between documents and L/C. Aim of ability:

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Task 6-2: Settlement of discrepancy between documents and L/C

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  1. Task 6-2:Settlement of discrepancy between documents and L/C • Object: • be able to read through the L/C, check the L/C and modify the wrong information

  2. Task 6-2:Settlement of discrepancy between documents and L/C • Aim of ability: • be able to read through the L/C, check the L/C and modify the wrong information • Aim of quality: • Settle the problems which may arise in the dishonor of the L/C.

  3. Task 6-2:Settlement of discrepancy between documents and L/C • Knowledge point: • UCP600 • Categories and characters of L/C • L/C clause in the sales contract

  4. SAMPLE LETTER OF CREDIT/1Issue of a Documentary Credit BKJPYUTYA08E SESSION: 000 • ISN: 000000BANK OFOSAKANEWYORKNO. 216,AUMAHU,AKI_GUN,OSAKA,JAPAN Destination Bank : XXXXXXXXBANK OF CHINA,NANTONG BRANCH153,RENMING RD NANTONG CHINATEL;0513-3578321

  5. Type of Documentary Credit 40A IRREVOCABLE Letter of Credit Number 20 LGU-002156 Date of Issue 31G 010302 Date and Place of Expiry 31D 0103030 CHINA Applicant Bank 51D NEWYORK BANK ,OSAKA

  6. Applicant 50 YOUNGAN TRADING Beneficiary 59 JIAHA INTER TRADING CO.,60,NONGJU RD HAIAN JIANGSU ,CHINA Currency Code, Amount 32B USD 26,520.00 Available with...by... 41D ANY BANK BY NEGOTIATION Drafts at 42C AT SIGHT

  7. Drawee 42D NEWYORK BANK ,OSAKA Partial Shipments 43P NOT ALLOWED Transshipment 43T NOT ALLOWED Shipping on Board/Dispatch/Packing in Charge at/ from 44A SHANGHAI

  8. Transportation to 44B OSAKA,JAPAN Latest Date of Shipment 44C 010320 Description of Goods or Services: 45A100PCT RAYON DIASH CLOTH30SX30S/56X54/40X40CM 2PLYCIF OSAKA CHINA ORIGIN

  9. Documents Required: 46A1. SIGNED COMMERCIAL INVOICE IN 5 COPIES.2. FULL SET OF CLEAN ON BOARD OCEAN BILLS OF LADING MADE OUT TO ORDER AND BLANK ENDORSED, MARKED "FREIGHT PREPAID" NOTIFYING ACCOUNT.

  10. 3. PACKING LIST/WEIGHT MEMO IN 4 COPIES INDICATING QUANTITY/GROSS AND NET WEIGHTS OF EACH PACKAGE AND PACKING CONDITIONSAS CALLED FOR BY THE L/C.4. CERTIFICATE OF QUALITY IN 3 COPIES ISSUED BY PUBLIC RECOGNIZED SURVEYOR.

  11. 5. BENEFICIARY'S CERTIFIED COPY OF FAX DISPATCHED TO THE ACCOUNTEE WITH 3 DAYS AFTER SHIPMENT ADVISING NAME OF VESSEL, DATE, QUANTITY, WEIGHT, VALUE OF SHIPMENT, L/C NUMBER AND CONTRACT NUMBER.

  12. 6. CERTIFICATE OF ORIGIN IN 3 COPIES ISSUED BY AUTHORIZED INSTITUTION.7. CERTIFICATE OF HEALTH IN 3 COPIES ISSUED BY AUTHORIZED INSTITUTION.

  13. ADDITIONAL INSTRUCTIONS: 47A1. CHARTER PARTY B/L AND THIRD PARTY DOCUMENTS ARE ACCEPTABLE.2. SHIPMENT PRIOR TO L/C ISSUING DATE IS ACCEPTABLE.3. BOTH QUANTITY AND AMOUNT 10 PERCENT MORE OR LESS ARE ALLOWED.

  14. Charges 71B ALL BANKING CHARGES OUTSIDE THE OPENNING BANK ARE FOR BENEFICIARY'S ACCOUNT. Period for Presentation 48 DOCUMENTSMUST BE PRESENTED WITHIN 15 DAYS AFTER THE DATE OF ISSUANCE OF THE TRANSPORT DOCUMENTS BUT WITHIN THE VALIDITY OF THE CREDIT. Confirmation Instructions 49

  15. WITHOUT Instructions to the Paying/Accepting/Negotiating Bank: 781. ALL DOCUMENTS TO BE FORWARDED IN ONE COVER, UNLESS OTHERWISE STATED ABOVE.2. DISCREPANT DOCUMENT FEE OF USD 50.00 OR EQUAL CURRENCY WILL BE DEDUCTED FROM DRAWING IF DOCUMENTS WITH DISCREPANCIES ARE ACCEPTED.

  16. "Advising Through" Bank 57A BANK OF CHINA,NANTONG BRANCH135 RENMING RD NANTONG,CHINATEL:0513-5341234

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